Earnings

Dollar Tree’s Q3 Net More Than Doubles, Same-Store Sales Gain

Dollar Tree’s third quarter profit grew year over year by more than double as the firm logged $0.81 a share in net income on an adjusted basis, better than The Street at $0.78. The firm also came in at the top end of its guided range for the quarter for the bottom line. Revenues were $5 billion, as the firm saw 1 percent growth in the top line.

Same-store sales were up 1.7 percent, and management cited growth in both customer counts and average ticket, noted Chain Store Age.

The firm stated that total net sales for the year are to be between $20.67 billion and $20.77 billion. And that trims the top line of $20.87 billion. The bottom line guidance trimmed the top end of the range as well, in response to debt financing in the latest quarter. Margins got a boost from lower freight and merchandise costs. Management gave sanguine outlooks for the current selling season.

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